my father purchase a new flat they paid vat and services tax to builder. they have to only sum balance amount to builder. builder says pay GST @ 12 % on balance payment.
but when I saw my service tax payment receipt my father pay service tax as per rules on agreement value. but at this the builder demand pay GST with balance payment. please revert my query.
Menu
gst on new flat purchase
Replies (2)
Service tax should hv been charged only on payment amount or invoice value... And builder's should hv pass benefits of gst itc... Don't form part of the cost of gst 12%...earlier no itc is available now full itc is available for builders.... Make a complaint regarding this to anti profetere committee in this respect... He has to pass gst itc benefit... Now it come less cost than earlier... Many clarification already issued by department in this respect
A legal action has been taken against builders if he is not passing benefit of gst itc
Recent Topics :
- Leave encashment, New labour code, Management cadr
- GST clarification needed:
- TDS processed with short deduction default
- TDS on rent paid to RNOR Landlord. Can RNOR US tax
- PAN CANCELLATION OF A DISSOLVED PARTNERSHIP FIRM
- Transport agency accounting entry in purchase &
- REGARDING HSN CODE FOR WASHING JOB CHARGES
- Advance Tax Due Date 2026
- Query – Interest on Capital Received by Part
- Query - Section 164(2)(a) – Interpretation o
Related Topics :
CAclubindia
